Glazer Capital LLC Invests $3.75 Million in Melar Acquisition Corp. I (NASDAQ:MACI)

Glazer Capital LLC acquired a new position in shares of Melar Acquisition Corp. I (NASDAQ:MACI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 374,989 shares of the company’s stock, valued at approximately $3,748,000. Glazer Capital LLC owned about 1.85% of Melar Acquisition Corp. I as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Dakota Wealth Management purchased a new stake in Melar Acquisition Corp. I during the third quarter valued at about $390,000. Deltec Asset Management LLC purchased a new position in shares of Melar Acquisition Corp. I during the 3rd quarter valued at about $1,000,000. Wolverine Asset Management LLC bought a new stake in Melar Acquisition Corp. I in the 3rd quarter worth approximately $1,034,000. ATW Spac Management LLC purchased a new stake in Melar Acquisition Corp. I in the third quarter worth approximately $1,059,000. Finally, Wealthspring Capital LLC purchased a new stake in Melar Acquisition Corp. I in the third quarter worth approximately $1,847,000.

Melar Acquisition Corp. I Trading Down 0.2 %

MACI stock opened at $10.04 on Friday. Melar Acquisition Corp. I has a one year low of $9.95 and a one year high of $10.07. The business’s 50 day simple moving average is $10.01.

Melar Acquisition Corp. I Profile

Melar Acquisition Corp. I is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Melar Acquisition Corp. I is based in NEW YORK.